Sistema Appoints Rafael Nagapetiants as Head of Developing Assets
SISTEMA APPOINTS RAFAEL NAGAPETIANTS AS HEAD OF
DEVELOPING ASSETS BUSINESS UNIT
Sistema (LSE: SSA), the largest diversified public financial corporation
in Russia and the CIS, today announced the appointment of Rafael
Nagapetiants as Senior Vice-President, Head of Developing Assets
Business Unit. Mr. Nagapetiants’ appointment is to be approved at the
next meeting of the Board of Directors.
Rafael Nagapetiants’ Background:
- Prior to joining Sistema, since 2009, Mr. Nagapetiants was Managing
Director and Head of Investment Banking at Societe Generale, Russia.
- From 2005 to 2008, he worked as Managing Director, Corporate Finance
Department and Head of Investment Committee at Alfa Bank. At the same
time, from 2007 to 2009, Mr. Nagapetiants served as Chairman of the
Supervisory Board at Amtel-Vredestein.
- From 2001 to 2005, Mr. Nagapetiants was Director of SUN Capital
Partners, a private equity fund in Russia.
- From 1994 to 2001, he worked as Vice President and Head of Investment
and International Business at Inkombank.
- From 1991 to 1993, he served as Deputy Chairman of the Committee for
Foreign Investments (later Russian Agency for International Cooperation
- From 1984 to 1990, Mr. Nagapetiants held various positions with the
USSR Ministry of Finance.
Mr. Nagapetiants graduated from the Moscow Finance Institute with a
degree in International Economics (1984) and from Lomonosov Moscow State
University with a degree in Law (1995), as well as from the Amsterdam
Institute of Finance (1996). Mr. Nagapetiants holds a Doctorate in
For further information, please visit www.sistema.com
Tel.: +7 (495) 692 1100
Tel: +7 (495) 730 1705
Sistema is the largest diversified public financial corporation in
Russia and the CIS, which invests in and is a major shareholder of
companies serving over 100 million customers in the sectors of
telecommunications, high technology, oil and energy, radars and
aerospace, banking, retail, mass-media, tourism and healthcare services.
Founded in 1993, the company reported revenues of US$ 7.8 billion for
the first quarter of 2011, and total assets of US$ 46 billion as at
March 31, 2011. Sistema’s global depository receipts are listed under
the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares
are listed under the symbol “AFKS” on the RTS Stock Exchange, under the
symbol “AFKC” on the MICEX Stock Exchange, and under the symbol “SIST”
on the Moscow Stock Exchange (MSE). Sistema was ranked number 342
in the 2010 edition of the Fortune Global 500 list.
Some of the information in this press release may contain projections
or other forward-looking statements regarding future events or the
future financial performance of Sistema. You can identify forward
looking statements by terms such as “expect,” “believe,” “anticipate,”
“estimate,” “intend,” “will,” “could,” “may” or “might” the negative of
such terms or other similar expressions. We wish to caution you that
these statements are only predictions and that actual events or results
may differ materially. In addition, there is no assurance that the new
contracts entered into by our subsidiaries referenced above will be
completed on the terms contained therein or at all. We do not intend to
update these statements to reflect events and circumstances occurring
after the date hereof or to reflect the occurrence of unanticipated
events. Many factors could cause the actual results to differ materially
from those contained in our projections or forward-looking statements,
including, among others, general economic conditions, our competitive
environment, risks associated with operating in Russia, rapid
technological and market change in our industries, as well as many other
risks specifically related to Sistema and its operations.
This document does not constitute or form part of any offer or
invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any shares or other securities of JSFC
Sistema and/or any of its subsidiaries and affiliated companies, nor
shall any part of it nor the fact of its distribution form part of or be
relied on in connection with any contract or investment decision
relating thereto, nor does it constitute a recommendation regarding the
shares or securities of JSFC Sistema and/or any of its subsidiaries and